Altera Corp. (ALTR): Today's Featured Electronics Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Altera ( ALTR) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.1%. By the end of trading, Altera rose $0.43 (1.3%) to $32.52 on average volume. Throughout the day, 3,168,484 shares of Altera exchanged hands as compared to its average daily volume of 3,362,600 shares. The stock ranged in a price between $31.86-$32.58 after having opened the day at $32.02 as compared to the previous trading day's close of $32.09. Other companies within the Electronics industry that increased today were: Eltek ( ELTK), up 49.8%, Aehr Test Systems ( AEHR), up 15.4%, Sigmatron International ( SGMA), up 11.7% and Advanced Photonix ( API), up 11.5%.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

You can view the full Altera Ratings Report.

On the negative front, Camtek ( CAMT), down 13.9%, On Track Innovations ( OTIV), down 10.0%, ClearSign Combustion ( CLIR), down 7.5% and Altair Nanotechnologies ( ALTI), down 5.7% , were all laggards within the electronics industry with NXP Semiconductor ( NXPI) being today's electronics industry laggard.

Use our electronics section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).